The reason given for the fall in the Dow "DOW falls on Wal-Mart reporting lower 2Q earnings "does NOT make sense. It's been common knowledge for some considerable time that Walmart has problems specfic to that company and not indicative of the broader economy.
You ignored the following report which is more indicative of the status of the US economy
"Results from Wal-Mart archrival Target (TGT) were more indicative of the broader strength at the cash registers. The popular discount chain reported earnings of $494 million, or 55 cents a share, for the quarter ended April 30, up from $432 million, or 47 cents, a year earlier. Analysts expected a profit of 53 cents a share. Sales surged 13% to $11.17 billion, and same-store sales gained 6.2% year-over-year. Shares rose 1%. '
dow in the fight of it's very life ..., page-11
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